As the Bitcoin halving approaches, cryptocurrency market enthusiasts are expecting a broader upward trend in the market and meme coins to rebound again.
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Story Highlights
1. As the Bitcoin halving approaches, meme coins that follow Bitcoin’s recent upward trend have attracted widespread attention from investors.
2. Bitcoin halving sparks post-halving optimism as meme coin rally wanes.
3. List of meme coins that may explode after Bitcoin halving.
A key event in the cryptocurrency space, Bitcoin's upcoming halving in April, the fourth such event, seems to echo the enthusiasm among traders and investors in the global cryptocurrency market. Amid this frenzy, meme tokens have fueled global speculation as the uptrend of meme-based tokens remains highly anticipated following the BTC halving.
However, even the recent meme season has weakened as Bitcoin prices have fallen amid recent market corrections, fueling speculation that the meme rally is over. Nonetheless, as the Bitcoin halving approaches, traders and investors expect a broader upward trend in the market if Bitcoin takes a bullish stance on the halving.
With each halving, Bitcoin’s market dynamics change, triggering supply constraints as mining rewards decrease. The BTC halving is a phenomenon that occurs every four years and marks a milestone event in the cryptocurrency space, reshaping the value of the token and token economics.
As optimism surrounding Bitcoin's halving continues to grow, cryptocurrency market enthusiasts expect the meme coin to follow the broader upward trend. Here is a list of the top five meme coins that could explode after the Bitcoin halving.
Dogecoin (DOGE)
The world’s largest meme coin by market capitalization and Shiba Inu’s most prominent competitor has shown strong growth potential in the past few days. Dogecoin’s price has increased by nearly 95% over the past month, in line with a broader upward trend in the meme coin space. Meanwhile, a significant rise in DOGE price mirrors Bitcoin’s recent uptrend, helping BTC expand its new ATH after a considerable period of apparent lackluster performance.
The price of Dogecoin currently stands at $0.1637 and has even crossed the $0.2 mark in the past 30 days. This illustrates the vast potential offered by DOGE, fueling speculation that BTC is imminent post-halving.
Shiba Inu (SHIB)
Another dog-themed meme coin, Shiba Inu, also known as the “Dogecoin Killer,” reflects optimism about the upcoming BTC halving. As seen recently, even SHIB's price has followed the broader uptrend from the birth of Bitcoin, as mentioned above.
As the second largest Meme-based token in the world by market capitalization, Shiba Inu has attracted a lot of attention from investors during the recent Meme token rally, with monthly gains of up to 190%. Coupled with the community’s continued token burning and recent progress, Shiba Inu has great explosive potential after the halving.
Shiba Inu (SHIB) is currently trading at $0.00002731, with a market cap and 24-hour trading volume of $16.09 billion and $1.06 billion respectively.
PEPE
Frog-based meme tokens have been making waves in the cryptocurrency space in recent days. With monthly gains of up to 500%, the Ethereum-based meme coin has attracted widespread attention in the global crypto community, illustrating its huge potential for growth.
After PEPE mirrored the meme token’s rally, cryptocurrency market experts expect the token to mirror the uptrend corresponding to the BTC halving. Meanwhile, the PEPE token is trading at $0.000007548, with a market capitalization of $3.18 billion and a 24-hour trading volume of $826.87 million.
FLOKI
Another dog-based meme token, Floki, has investors on their toes, rising nearly 580% in the past 30 days. In line with the recent meme token hype, this rise highlights FLOKI’s potential to scale greater heights in the future.
Currently, FLOKI is trading at $0.0002323 with a market capitalization of $2.21 billion, while its 24-hour trading volume is $801.88 million.
Dovihart (WIF)
Dogwifhat, a Solana-based meme cryptocurrency, has also sparked a wave of optimism, with its price rising nearly 575% in the past month to $2.29. The coin has a market cap of 2.27 billion and 24-hour trading volume of 323.18 million, further in line with the broader upward trend witnessed by meme coins and Solana over the past few days.
At the same time, in line with the above reasons, even WIF is expected to develop rapidly after the BTC halving.
